IFA agrees on settling KWD 25m loan
- Date: 17-Sep-2020
- Source: Mubasher
- Sector:Financial Markets
- Country:Kuwait
IFA agrees on settling KWD 25m loan
Mubasher: International Financial Advisors (IFA) has reached an agreement with a bank to settle a loan valued at KWD 24.98 million ($81.9 million), excluding the interest rate due on 30 May 2019.
The company, listed on Boursa Kuwait and the Dubai Financial Market (DFM), will pay KWD 6 million as a settlement for the entire value of the loan in two installments, according to the company's disclosure to the DFM on Thursday.
The company will repay the first installment at a total value of KWD 3 million within two weeks from 15 September 2020, while the second installment worth KWD 3 million will be paid off in December 2020.
After completing the settlement expected in the fourth
Select Sector 
Select Country 
